News

Hyphen Solutions has appointed Ken Pinto, a former supply chain executive for Toll Bros. and other national home builders, as its VP supply chain.

Pinto brings 21 years of supply chain management expertise to Hyphen's real estate and software management team. He most recently served as the director of supply chain at Toll Bros. and has held similar positions at Standard Pacific and Pulte Homes. Pinto also heads the Supply Chain Benchmark Group, which is a coalition of the purchasing leaders of some of the largest home builders in the United States.

Kansas City-based advertising agency Barkley was hired by Big Lots to help the closeout retailer with a broad range of marketing and brand strategy initiatives.

Barkley will provide Big Lots with full-service advertising and marketing duties including brand strategy, and broadcast, print and in-store executions. Barkley will also partner with Big Lots on web strategy and execution.

Reston, Va. -- A report released Friday by comScore showed that holiday online spending grew 14% year-over-year to $42.3 billion, as individual shopping days reached record spending levels.

Total results, however, fell slightly short of early-season predictions, as softer-than-expected buying occurred during the early to mid weeks of the period.

Detroit, Mich. — Greeting card publisher Avanti Press has named Kari Knowlton as its new director of business development.

Founded by Rick Ruffner in 1980, Avanti Press publishes the Avanti and A*Press greeting card collections. The Detroit-based publisher’s everyday and seasonal card collections are carried in leading regional and national retail outlets as well as independent retail outlets throughout the United States, Canada, United Kingdom and other countries worldwide.

Indianapolis -- Finish Line Inc. reported Friday a loss of $107,000 for the quarter ended Dec. 1, compared with a profit of $5.55 million in the year-ago period. The unexpected swing, said the company, was due in part to a lukewarm response to Finish Line’s new online store.
 
Sales in the quarter climbed 5.2% to $296.6 million, missing Wall Street’s expected $296 million in revenue, and same-store sales rose 3.6%.

Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

As I prepare to pack my bags for New York to spend a few days in the NYC office and attend the National Retail Federation’s “Big Show” held at Javit’s Center from Jan. 13 to 15, I feel compelled to bring up this point about the annual NRF convention: it isn’t just for techies.

Oak Brook, Ill.-based Ace Hardware launched Instant Savings, a program for Ace Rewards members that allows them to receive instant discounts at the register.

“We have made it even easier for our customers to shop with Ace by delivering more value and convenience for them,” said John Surane, senior VP, merchandising, marketing, advertising and paint. “We constantly look for ways to add value for our customers, and Instant Savings is a major new exclusive benefit to our Ace Rewards loyalty program that does just that.”